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They arent dead, but they are in the millions of users, not hundreds of millions.
That is enough to sustain a social media platform, but none of them fully have the network effect going for them yet.
With federation, hopefully they won’t need it. That can be the network effect once interoperability is really here. Then everyone can still communicate, but not be beholden to any one service/owner/etc.
Best part is that they just went bankrupt after buying it in 2022 for 375 million dollars.